#US

Dubai’s DP World acquires US-based logistics provider

The transaction is subject to customary completion conditions

US issues new UAE travel advisory

The CDC issued a Level 4 Travel health notice for the UAE on Monday

Brent oil edges above $75 as investors assess tightening market

Brent oil has rallied more than 40 per cent this year as a strong rebound from the pandemic in the US, China and Europe underpins increasing fuel consumption

Global power grids pushed to breaking point

The extreme weather highlights the real world impact of climate change

Omani plastics firm Octal weighs $800m sale

The company is working with JPMorgan Chase & Co. as it considers selling a majority stake

Oil rallies to 32-month high as rising demand emboldens bulls

The US benchmark is on course for a fifth quarterly advance, which would be the best run since 2010

Abu Dhabi

Abu Dhabi’s ADIA is said to invest $1bn in Medline buyout

Medline is the biggest private US manufacturer and distributor of medical supplies

Dubai’s Emirates to launch new service to Miami

The carrier will now serve the US with over 70 weekly flights across 12 gateways

Dubai investment firm FIM Partners considers raising SPAC

EFG Hermes agreed to buy a stake in FIM Partners in 2017

Dubai tech startup Zeta raises $250m to accelerate growth

The investment values Zeta at $1.45bn

Oil steady near $65 as investors weigh near-term demand outlook

Oil has managed to break out from a tight range near $60 a barrel and resume its upward momentum

Israel-Gaza conflict intensifies as global diplomatic efforts continue

The US dispatched an envoy to the region and Egypt and Qatar sought to help broker a truce

joshua jahani

Why the GCC is emerging as a hub for global cross-border deals

With the region improving its status as a global trade hub, it is attracting more and more cross-border deals with countries such as the US, according to investment firm J&A

Johnson & Johnson Vaccine Administered At Colorado Fire Department

US recommends pausing J&J vaccinations on clotting concern

As of April 12, more than 6.8 million doses of the vaccine have been administered

Mubadala discusses GlobalFoundries IPO at $20bn value

Technology companies have already raised $20bn in US IPOs this year

Oil bounces back as US supply report hints at demand revival

A US inventory report showed domestic fuel consumption is at the highest in four months

Sheikh Nawaf

Kuwait’s Emir travels to Europe after medical check-ups in the US

Sheikh Nawaf Al-Ahmad Al-Sabah travelled to the US on March 4

DP World, China Harbour vie for roles in Sudanese ports

DP World has expressed interest in developing the southern terminal at Port Sudan

Dubai’s Emirates to resume flight operations to Newark via Athens

The daily service will commence from June 1, 2021

Brent oil passes $65 with US crisis now a global supply shock

More than 4 million barrels a day of US oil output is now offline

UAE aviation regulator clears Boeing 737 Max to fly again

Local airlines must first provide a plan for bringing the plane back safely

Qatar Airways adds flights to Africa as carrier expands network

Its network currently stands at 120 destinations, with plans to reach 130 routes by the end of March

US, UK condemn air attack on Riyadh which ‘targeted civilians’

Saudi Arabia said it had “intercepted and destroyed a hostile air target going towards Riyadh” on Saturday

US elections: Biden arrival in Washington ahead of inauguration framed by heavy security

Outgoing President Donald Trump doesn’t plan to invite the Bidens to the White House before the inauguration

Qatar wealth fund plans Asia push to diversify from Europe, US

The wealth fund holds stakes in some of the world’s top companies

Gold near eight-week high as Covid angst fires up haven demand

Spot gold added as much as 0.1 per cent to $1,945.67 an ounce, the highest since November 9

Gold heads for best close in six weeks

Bullion is set to post the first monthly gain since July after a run of losses prompted by the development of effective coronavirus vaccines

Covid-19 impact: How the pandemic wreaked havoc on airlines in 2020

Even with a vaccine that may bring back air travel around the corner, carriers face a desperate few months

Oil slips with new coronavirus strain threatening fuel demand

More than 40 countries are restricting flights and effectively isolating the UK

Aster Medcity in Kochi, India

Dubai-based Aster expands into the Caribbean with Medcity project in Cayman Islands

Aster will initially develop a 150-bed tertiary and quaternary care hospital, with plans to bring in medical tourists from the US